Startup funding in Estonia 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in Estonia raised $73M in 22 venture rounds from January to September 2026, 45th of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
Estonia had no round of $100M or more in January to September 2026.
Largest round
The largest round was Frankenburg Technologies in Tallinn: $35M, Series A, in February 2026.
Cities
Tallinn startups raised $70M, 94.8% of the national total, ahead of Harju with $4M.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 22 rounds, $73M.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| Tallinn | 16 | $70M | $70M | 0 |
| Harju | 1 | $4M | $4M | 0 |
| Tartu | 1 | $291K | $291K | 0 |
| Pärnu | 1 | $24K | $24K | 0 |
| Tallin | 1 | $6K | $6K | 0 |
| Kesklinn | 1 | $0 | $0 | 0 |
| Rapla | 1 | $0 | $0 | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| Frankenburg Technologies | Tallinn | Series A | 2026-02-24 | $35M |
| Ark Robotics | Tallinn | seed | 2026-05-01 | $14M |
| Zobi | Tallinn | pre-seed | 2026-08-22 | $6M |
| Creem | Tallinn | seed | 2026-09-17 | $6M |
| Rollo Robotics | Tallinn | pre-seed | 2026-01-08 | $4M |
| Handhold | Harju | seed | 2026-04-08 | $4M |
| Flashka | Tallinn | pre-seed | 2026-01-12 | $1M |
| Good2Know | Tallinn | seed | 2026-06-17 | $1M |
| Softquantus | Tallinn | seed | 2026-01-18 | $756K |
| Bilt | Tallinn | pre-seed | 2026-09-28 | $700K |
Method
22 rounds in Estonia in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 15 of the 22 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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